Sandstorm Metals & Energy Ltd STTYF

RE: RE: RE: RE: Cash on hand

[bob4977]

Rintin, I believe the comments from SND were to the effect that they had no intention to extend the warrants as that would give benefit to certain shareholders to the detriment of other shareholders. If you own these expiring warrants you would want them extended. If SND were to extend these warrants for another year and the price was to go up to $1.20 in that time, the warrant holders would be able to exercise their warrants and make a profit. SND would have the benefit of the extra money. The people who would lose out would be the shareholders who do not have the warrants. They would suffer the dilution. Why should they raise money at 70c per share when it would be easy to raise money at $1.20 per share?

I am sure SND would be quite happy if the warrants landed in the money because SND's share price rose above 70c before the options expired. That way everyone wins. But when you change the rules some people win and some people lose.

Bob